Notes to Accounts of Unique Organics Ltd.

Mar 31, 2025

a) Terms/rights attached to equity shares.

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The dividend proposed by the Board of Directors is subject to the approval of the shareholders except in the case of interim dividend. In the event of liquidation, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amount in proportion of their shareholding. The equity shareholders have all other rights as available to the equity shareholders as per the provisions of Companies Act, 2013 read together with the Memorandum of Association and Articles of Association of the Company as applicable.

a) Term Loan, Packing Credit Limit, Foreign Bill Purchase limit and Cash Credit limit with Bank of Baroda, Nehru place, Jaipur is collaterally secured by Equitable mortgage of Company,s land & Building at Sitapura Industrial Area, Hypoyhecation of Plant & Machineries and all present and future fixed assets, hypothecation of Raw Materials, Work in Progress, Finished Goods, Stores & packing materials, Book Debts, Pledge of Ware House and other properties, personal guarntees of Director''s, bearing interest @9.90% p.a. and 9.55% (Previous Year 9.90% p.a. and 9.80% p.a.) in case of PC & FBP and 10.00% p.a.(Previous Year 9.90% p.a.) in case of CC limit and 10.00% (PY: 10.00%) in case of Term Loan. Term Loan is repayable in 36 monthly installment after the moratorium period of 24 months from the date of 1st installment. The term loan has since been prepaid during the year

NOTE - 34

SEGMENT REPORTING

i) Business (Primary) Segment

The Company operates in a single primery business segment, namely, Feed, food and Spices products, and hence there is no reportable primery segment as per Ind AS-108 on segment reporting.

ii) Geographical(Secondary)Segment

a) The company primarily operates in India and overseas and therefore the analysis of geographical segment is demarcated into its Indian and Overseas operations as under :

EMPLOYEE BENEFITS

A. The defined benefit plans expose the company to a number of actuarial risks such as : Investment Risk,

Longevity Risk : The present value of the defined benefit liability is calculated by reference to the best estimate of the mortality of participants both during and after their employment. An increase in the life expectancy of the participants will increase the liability.

Salary Risk : The present value of the defined benefit liability is calculated by reference to future salaries of participants. As such, an increase in the salary of the participants will increase the liability.

Explanation for change in variance in ratio for more than 25% as compared to the proceeding year Note-1

The increase in ratio is due to decrease in current liabilities,

Note-2

The company has positive cash flow and therefore debts are repaid as well as the shareholders equity is increased because of the profit for the year.

Note-3

Earning of the company is increased sunbtentially and therefore the debt service ratio is improved accordingly.

Note-4

The Trade Payable are decreased since company has paid of the trade payables at the end of the year.

Note-5

Working capital of the company is increased since the working capital loans are repaid at the end of the year.

NOTE - 40

The Company has not disclosed or surrendered any income during the year in the tax assessment under the Income Tax Act, 1961, such as, search or survey or any other relevant provisions of the Income Tax Act, 1961 and therefore details is required for any transaction not recorded in the books of accounts.

NOTE - 41

No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

NOTE - 42

The company do not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

NOTE - 43

FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES

(a) Capital Management

The Company''s objective when managing capital (defied as net debt and equity) is to safeguard the Company''s ability to continue as a going concern in order to provide returns to shareholders and benefi for other stakeholders, while protecting and strengthening the Balance Sheet through the appropriate balance of debt and equity funding. The Company manages its capital structure and makes adjustments to it, in light of changes to economic conditions and strategic objectives of the Company.

The carrying value of the amortised financial assets and liabilities approximate to the fair value on the respective reporting dates.

(c) Fair Value Measurement and Fair Value Hierarchy

The management assessed that loans, cash and cash equivalents, trade receivables, borrowings, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

(d) Financial Risk Management

The Company''s fiancial liabilities comprise short-term borrowings, capital creditors and trade and other payables. The main purpose of these financial liabilities is to finance the Company''s operations. The Company''s fiancial assets include trade and other receivables, cash and cash equivalents.

(a) Market Risk

Market risk is the risk that the fair value of future cash flws of a fiancial instrument will flctuate because of changes in market prices. Market risk comprises two types of risk: currency risk and other price risk, such as commodity price risk and equity price risk. Financial instruments affcted by market risk include trade payables, trade receivables, etc.

Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company''s exposure to the risk of changes in foreign exchange rates relates primarily to the Company''s operating activities. Such foreign currency exposures are not hedged by the Company.

For the year ended March 31, 2025 and March 31, 2024, every percentage point depreciation / appreciation in the exchange rate between Indian rupees and U.S. dollar will affect the Company''s profit.

(b) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Financial instruments that are subject to concentrations of credit risk principally consist of trade receivables, loans, cash and cash equivalents, bank deposits and other financial assets. None of the financial instruments of the Company result in material concentration of credit risk.

The carrying amount of financial assets represents the maximum credit exposure.

Trade Receivables

In determining the allowances for credit losses of trade receivables, an impairment analysis is performed by the Company using a practical expedient by computing the expected credit loss allowance for trade receivables at each reporting date on an individual basis for all the customers. The procedure takes into account historical credit loss experience and is adjusted for forward looking information.

(c) Liquidity Risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

NOTE - 45

Balances of some of the advances given and taken and Sundry Debtors & Creditors are subject to the confirmations from the respective parties.

NOTE - 46

CONTINGENT LIABILITIES & COMMITMENTS

The Company do not have any due commitments and contingent liablities at the year end.

NOTE - 47

The Company do not have any subsidiary company and therefore disclosure in terms of Schedule V of SEBI (Listing Obligation & Disclosure Requirements) Regulation 2015 is not applicable to the company.

---

Mar 31, 2024

a) Terms/rights attached to equity shares.

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The dividend proposed by the Board of Directors is subject to the approval of the shareholders except in the case of interim dividend. In the event of liquidation, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amount in proportion of their shareholding. The equity shareholders have all other rights as available to the equity shareholders as per the provisions of Companies Act, 2013 read together with the Memorandum of Association and Articles of Association of the Company as applicable.

a) Term Loan, Packing Credit Limit, Foreign Bill Purchase limit and Cash Credit limit with Bank of Baroda, Nehru place, Jaipur is collaterally secured by Equitable mortgage of Company,s land & Building at Sitapura Industrial Area, Hypoyhecation of Plant & Machineries and all present and future fixed assets, hypothecation of Raw Materials, Work in Progress, Finished Goods, Stores & packing materials, Book Debts, Pledge of Ware House and other properties, personal guarntees of Director''s, bearing interest @9.90% p.a. and 9.80% (Previous Year 10.35% p.a. and 10.25% p.a.) in case of PC & FBP and 9.90% p.a.(Previous Year 9.75% p.a.) in case of CC limit and 10.00% (PY: 10.00%) in case of Term Loan. Term Loan is repayable in 36 monthly installment after the moratorium period of 24 months from the date of 1st installment.

b) Working Capital demand loan from State Bank of India is sucured by pledge of warehouse receipts (resulting in charge over under-lying goods) issued by Bank''s empenalled collateral managers with lien marked in favour of the bank and personal guarentee of Mr. Jyoti Prakash Kanodia and Mrs. Madhu Kanodia, directors of the company, bearing interest @ 10.40% p.a.

There is no unbilled dues at the end of the financial year. An amount of Rs. 5059.03 thousand (Previous Year Rs. 41779.75 thousand) for trade payable which are not due at the end of the period, included in Undisputed Trade payable for less than one year.

NOTE - 36

EMPLOYEE BENEFITS

A. The defined benefit plans expose the company to a number of actuarial risks such as : Investment Risk,

Longevity Risk : The present value of the defined benefit liability is calculated by reference to the best estimate of the mortality of participants both during and after their employment. An increase in the life expectancy of the participants will increase the liability.

Salary Risk : The present value of the defined benefit liability is calculated by reference to future salaries of participants. As such, an increase in the salary of the participants will increase the liability.

Explanation for change in variance in ratio for more than 25% as compared to the preceeding year Note-1

The increase in ratio is due to increase in current assets, i.e. due to fixed deposits made and debit balance in cash credit account.

Note-2

The company has positive cash flow and therefore debts are reduced as well as the shareholders equity is increased because of the profit for the year.

Note-3

Earning of the company is increased sunbtentially and therefore the debt service ratio is improved accordingly. Note-4

The Trade receivables are increased since sales are effected at the end of the year.

Note-5

The Trade Payable are increased since Purchases are effected at the end of the year.

Note-6

Earning of the company is increased sunbtentially and therefore return on capital employed is improved.

NOTE - 40

The Company has not disclosed or surrendered any income during the year in the tax assessment under the Income Tax Act, 1961, such as, search or survey or any other relevant provisions of the Income Tax Act, 1961 and therefore details is required for any transaction not recorded in the books of accounts.

NOTE - 41

No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

NOTE - 42

The company do not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

NOTE - 43

FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES

(a) Capital Management

The Company''s objective when managing capital (defied as net debt and equity) is to safeguard the Company''s ability to continue as a going concern in order to provide returns to shareholders and benefi for other stakeholders, while protecting and strengthening the Balance Sheet through the appropriate balance of debt and equity funding. The Company manages its capital structure and makes adjustments to it, in light of changes to economic conditions and strategic objectives of the Company.

The carrying value of the amortised financial assets and liabilities approximate to the fair value on the respective reporting dates.

(c) Fair Value Measurement and Fair Value Hierarchy

The management assessed that loans, cash and cash equivalents, trade receivables, borrowings, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

(d) Financial Risk Management

The Company''s fiancial liabilities comprise short-term borrowings, capital creditors and trade and other payables. The main purpose of these financial liabilities is to finance the Company''s operations. The Company''s fiancial assets include trade and other receivables, cash and cash equivalents.

(a) Market Risk

Market risk is the risk that the fair value of future cash flows of a fiancial instrument will flctuate because of changes in market prices. Market risk comprises two types of risk: currency risk and other price risk, such as commodity price risk and equity price risk. Financial instruments affcted by market risk include trade payables, trade receivables, etc.

Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company''s exposure to the risk of changes in foreign exchange rates relates primarily to the Company''s operating activities. Such foreign currency exposures are not hedged by the Company.

For the year ended March 31, 2024 and March 31, 2023, every percentage point depreciation / appreciation in the exchange rate between Indian rupees and U.S. dollar will affect the Company''s profit.

(b) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Financial instruments that are subject to concentrations of credit risk principally consist of trade receivables, loans, cash and cash equivalents, bank deposits and other financial assets. None of the financial instruments of the Company result in material concentration of credit risk.

The carrying amount of financial assets represents the maximum credit exposure.

Trade Receivables

In determining the allowances for credit losses of trade receivables, an impairment analysis is performed by the Company using a practical expedient by computing the expected credit loss allowance for trade receivables at each reporting date on an individual basis for all the customers. The procedure takes into account historical credit loss experience and is adjusted for forward looking information.

(c) Liquidity Risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

NOTE - 45

Balances of some of the advances given and taken and Sundry Debtors & Creditors are subject to the confirmations from the respective parties.

NOTE - 46

The Company do not have any due commitments and contingent liablities at the year end.

NOTE - 47

The Company do not have any subsidiary company and therefore disclosure in terms of Schedule V of SEBI (Listing Obligation & Disclosure Requirements) Regulation 2015 is not applicable to the company.

---

Mar 31, 2023

p) Provisions, Contingent Assets and Contingent Liabilities

A provision is recognized when there is a present obligation as a result of past event, that probably requires an outflow of resources and a reliable estimate can be made to settle the amount of obligation.These are reviewed at each year end and adjusted to reflect the best current estimates. Provisions are discounted to their present values, where the time value of money is material.

Contingent liabilities are not recognised but disclosed in the financial statements.

Contingent assets are neither recognised nor disclosed. However, when realisation of income is virtually certain, related asset is recognised.

q) Earnings Per Share

Basic and Diluted Earnings per shares are calculated by dividing the net profit for the period attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year.

r) Cash Flow Statement

Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated based on the available information.

s) Operating Segment

Operating Segments are reported in a manner consistent with the accounting policies adopted for preparing and presenting the financial statements of the company as a whole. The analysis of geographical segments is based on the areas in which customers of the company are located.

t) Borrowing Cost

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. All other borrowing costs are recognised in the statement of profit or loss in the period in which they are incurred.

a) Terms/rights attached to equity shares.

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The dividend proposed by the Board of Directors is subject to the approval of the shareholders except in the case of interim dividend. In the event of liquidation, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amount in proportion of their shareholding. The equity shareholders have all other rights as available to the equity shareholders as per the provisions of Companies Act, 2013 read together with the Memorandum of Association and Articles of Association of the Company as applicable.

NOTE - 36

EMPLOYEE BENEFITS

A. The defined benefit plans expose the company to a number of actuarial risks such as : Investment

Longevity Risk : The present value of the defined benefit liability is calculated by reference to the best estimate of the mortality of participants both during and after their employment. An increase in the life expectancy of the participants will increase the liability.

Salary Risk : The present value of the defined benefit liability is calculated by reference to future salaries of participants. As such, an increase in the salary of the participants will increase the liability.

Note-5

More frequent conversion of inventory to sales on one hand were as trade cycle remain similar.

Note-6

Since the cash flow of the company is increasing gradually, payout to creditors improved substentially,

Note-7

Since the company is ploughing back the cash accruals in the working of the company.

Note-8

Earning of the company is increased sunbtentially and therefore return on capital employed is improved.

NOTE - 40

The Company has not disclosed or surrendered any income during the year in the tax assessment under the Income Tax Act, 1961, such as, search or survey or any other relevant provisions of the Income Tax Act, 1961 and therefore details is required for any transaction not recorded in the books of accounts.

NOTE - 41

No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

NOTE - 42

The company do not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956

NOTE - 43

FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES

(a) Capital Management

The Company''s objective when managing capital (defied as net debt and equity) is to safeguard the Company''s ability to continue as a going concern in order to provide returns to shareholders and benefi for other stakeholders, while protecting and strengthening the Balance Sheet through the appropriate balance of debt and equity funding. The Company manages its capital structure and makes adjustments to it, in light of changes to economic conditions and strategic objectives of the Company.

(_c) Fair Value Measurement and Fair Value Hierarchy

The management assessed that loans, cash and cash equivalents, trade receivables, borrowings, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

(d) Financial Risk Management

The Company''s fiancial liabilities comprise short-term borrowings, capital creditors and trade and other payables. The main purpose of these financial liabilities is to finance the Company''s operations. The Company''s fiancial assets include trade and other receivables, cash and cash equivalents.

(a) Market Risk

Market risk is the risk that the fair value of future cash flws of a fiancial instrument will flctuate because of changes in market prices. Market risk comprises two types of risk: currency risk and other price risk, such as commodity price risk and equity price risk. Financial instruments affcted by market risk include trade payables, trade receivables, etc.

Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company''s exposure to the risk of changes in foreign exchange rates relates primarily to the Company''s operating activities. Such foreign currency exposures are not hedged by the Company.

The year end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are as under -

For the year ended March 31, 2022 and March 31, 2021, every percentage point depreciation / appreciation in the exchange rate between Indian rupees and U.S. dollar will affect the Company''s profit

(b) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Financial instruments that are subject to concentrations of credit risk principally consist of trade receivables, loans, cash and cash equivalents, bank deposits and other financial assets. None of the financial instruments of the Company result in material concentration of credit risk.

The carrying amount of financial assets represents the maximum credit exposure.

Trade Receivables

In determining the allowances for credit losses of trade receivables, an impairment analysis is performed by the Company using a practical expedient by computing the expected credit loss allowance for trade receivables at each reporting date on an individual basis for all the customers. The procedure takes into account historical credit loss experience and is adjusted for forward looking information.

(c) Liquidity Risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

NOTE - 44

NOTES ON CSR EXPENDITURES

The provisions of section 135 of Companies Act, 2013 read with Schedule VII to the Act and related regulations, Companies (CSR Policies) Rules, 2014 is not applicable to the Company during the year and corresponding previous year.

NOTE - 45

Balances of some of the advances given and taken and Sundry Debtors & Creditors are subject to the confirmations from the respective parties.

NOTE - 46

The Company do not have any due commitments and contingent liablities at the year end.

NOTE - 47

The Company do not have any subsidiary company and therefore disclosure in terms of Schedule V of SEBI (Listing Obligation & Disclosure Requirements) Regulation 2015 is not applicable to the company.

As per our report of even date For and on behalf of the Board

For Gourisaria Goyal & Co.

Firm Registration Number- 016681C Chartered Accountants

Sd/- Sd/-

Jyoti Prakash Kanodia Madhu Kanodia

Managing Director (DIN: 00207554) Director (DIN: 00207604)

Sd/-

(CA Ravi Gupta)

Partner

M. N.- 419994 Sd/- Sd/-

Place: Jaipur Harish Panwar Ramavtar Jangid

Date: 24.05.2023 (Chief Financial Officer) (Company Secretary)

---

Mar 31, 2015

1. Terms/rights attached to equity shares.

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The dividend proposed by the Board of Directors is subject to the approval of the shareholders except in the case of interim dividend. In the event of liquidation, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amount in proportion of their shareholding.

2. Packing Credit Limit, Foreign Bill Purchase limit and Cash Credit limit with Bank of Baroda, Nehru place, Jaipur is collaterally secured by Equitable mortgage of Company's land & Building at Sitapura Industrial Area, house situated at K-26, Income Tax Colony, Durgapura, Jaipur belonging to Mr. J. P. Kanodia, Managing Director, extension of equitable mortgage of office no.407, 4th floor, Arihant Plaza, Malviya Nagar, Jaipur, belonging to the relative of a director, Hypothecation of Plant & Machineries and all present and future fixed assets, hypothecation of Raw Materials, Work in Progress, Finished Goods, Stores & packing materials, Book Debts, Pledge of Ware House and other properties, personal guarntees of Director, bearing interest @11.00% p.a. (Previous Year 11.00% p.a.) in case of PC & FBP and 13.00% & 11.00% p.a.(Previous Year 13.00% & 11% p.a.) in case of CC limit

3. As per information available with the Company, there are no suppliers covered under Micro, Small & Medium Enterprises Development Act,2006. As a result, no interest provision/payment have been made by the Company to such creditors, if any, and no disclosure thereof is made in this regard.

NOTE - 4

Previous year figures have also been regrouped and rearranged where ever considered necessary.

Other Receipts includes rent received of Rs.9,06,500/- (Previous Year Rs. 6,65,000/-)

The Company has assessed its fixed assets for impairment at the end of the year and concluded that there has been no significant impaired fixed assets that needs to be recognised in the books of accounts.

NOTE - 5

During the year, the Company has revised the estimated useful life of its assets to align with the useful life as provided in Schedule II of the Companies Act, 2013. The Retained earnings on the balance amount of Fixed Assets after completion of useful life of the respective fixed assets in terms of the new provisions of depreciation as per Schedule II of the Companies Act, 2013 and excess/short charges of depreciation in earlier years are adjusted from the Surplus of the Profit & Loss Account.

Miscellaneous Expenses includes a sum of Rs.3,37,733/- (Previous Year Rs.2,64,802/-) paid for Income Tax and its interests

NOTE - 6

Amount debited in the statement of profit & loss under the head 'Claims & Deduction of Rs.1,20,138/- and Membership & Subscription of Rs.76,432.50 are relating to earlier years.(Previous Year Rs.Nil)

NOTE - 7

Balances of some of the advances given and taken and Sundry Debtors & Creditors are subject to the confirmations from the respective parties.

---

Mar 31, 2014

NOTE-1

Previous year figures have aiso been regrouped and rearranged where ever considered necessary.

NOTE - 2

The Company has assessed its fixed assets for impairment at the end of the year and conduded that there has been no significant impaired fixed assets that needs to be recognized in the books of accounts.

NOTE - 3

Other Receipts includes rent received of Rs.6,65,000/- (Previous Year Rs. Nil)

NOTE-4

Extraordinary items consists of an amount of Depreciation of Rs. 4,23,210,91 reversed on account of subsidy received from Spices Board, Ministry of Commerce & Industries, Government of India, against the specific machineries purchased in earlier years.

NOTE - 5

Miscellaneous Expenses includes a sum of Rs.2,64,8C2f- (Previous Year Rs,4,02,057/-) paid for Income Tax and its interests

NOTE - 6

SEGMENT REPORTING

i) Business Primary Segment

The Company operates in a single primary business segment, namely, spices and food products, and hence there is no reportable primary segment as per AS-17 on segment reporting.

---

Mar 31, 2013

NOTE - 1

Balances of some of the advances given and taken and Sundry Debtors & Creditors are subject to the confirmations from the respective parties.

NOTE - 2

As per information available with the Company, there are no suppliers covered under Micro, Small & Medium Enterprises Development Act,2006. As a result, no interest provision/payment have been made by the Company to such creditors, if any, and no disclosure thereof is made in this regard.

NOTE - 3

RELATED PARTY DISCLOSURE

As per Accounting Standard -18, the disclosures of transactions with the related parties are given below:

NOTE - 4 Previous year figures have also been re-grouped and re-arranged wherever considered necessary.

NOTE - 5

The Company has assessed its fixed assets for impairment at the end of the year and concluded that there has been no significant impaired fixed assets that needs to be recognized in the books of the accounts.

NOTE - 6

SEGMENT REPORTING

i) Business (Primary) Segment

The Company operates in a single primary business segment namely in other Agricultural Products : mainly trading of feed ingredients with insignificant processing of spices and hence there is no reportable primary segment as per AS-17 on segment reporting.

ii) Geographical (Secondary) Segment

a) The analysis of geographical segments is based on the areas in which the customers of the company are located.

b) There are no carrying amount of segment assets by geographical location of assets.

NOTE - 7

The company had 1,00,000 9% Non-Cumulative Redeemable Preference Shares having a par value of Rs. 100 per share due for redemption on 30th September,2009. In a meeting of the preference shareholders held on 14.09.2009, a resolution had been passed for extension of period of redemption for three years i.e. till 30.09.2012, due to non availability of profits for redemption. During the period under review, the company has redeemed its preference shares at par value. Necessary Capital Redemption reserve has duly been created in terms of the provisions of section 80 of the Companies Act, 1956.

NOTE - 8

Amount debited in the statement of profit & loss on account of gratuity includes Rs.83818/- relating to earlier years.

NOTE - 9

Miscellaneous Expenses includes a sum of Rs.4,02,057/- paid for Income Tax and its interests

---

Mar 31, 2012

NOTE 1

Contingent liabilities and commitments (to the extent not provided for) As at 31 032012 As at 31 03 2011 Rs. Rs.

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt

(b) Guarantees

(c) Other money for which the company is contingently liable

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for

(b) Uncalled liability on shares and other investments partly paid

(c) Other commitments (specify nature) 2. Previous year's figures have been reworked, regrouped, rearranged and misclassified, wherever necessary.

3. Due to a Fire at IOC's oil tank depot, Sitapura industrial area, Jaipur on 29.10.2009 Company's factory building was also affected. During the year the company has repaired factory building that was damaged in fire and an amount of Rs. 12,08,444.00 was incurred for the purpose.

4. In the current year an insurance claim was received of Rs. 10,01,565.00, which is credited to P & L a/c, on account of an damage to the cargo.

5. An amount of Rs. 60,00,000.00 has been credited to Capital Redemption Reserve.

6. Bank charges contain the amount deducted by the paying bank on account of discrepancies in the documents forwarded through the bank to the foreign client. The discrepancies are encountered on the basis of terms of letter of credit.

---

Mar 31, 2011

1. Previous year's figures have been reworked, regrouped, rearranged and misclassified, wherever necessary.

2. Related party disclosure (AS 18)

The Company had identified all the related parties having transactions during the year as under :-

(i) Relationship

(a) Key Management Personnel i) J.P. Kanodia

ii) Madhu Kanodia

iii) Amardeep Singh Ahluwalia

(b) Relative of Key Management Personnel i) Smt. Sarla Devi Kanodia

3. Sundry Creditors, Sundry Debtors, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation. However closing balances of foreign debtors has been translated using the year end rate.

4. Due to a Fire at IOC's oil tank depot, Sitapura industrial area, Jaipur on 29.10.2009 Company's factory building was also effected. During the year the company has repaired factory building that was damaged in fire and an amount of 11,08,444.00 was incurred for the purpose.

5. In Earlier year trading of company's shares was suspended by Bombay Stock Exchange (BSE). This suspension was revoked by BSE after charging a penalty of Rs. 545,515.00 and such amount were debited to P & L Account.

---

Mar 31, 2010

1. Previous years figures have been reworked, regrouped, rearranged and misclassified, wherever necessary.

2. Related party disclosure (AS 18)

The Company had identified all the related parties having transactions during the year as under :-

(i) Relationship

(a) Key Management Personnel

i) J.P. Kanodia

ii) Madhu Kanodia

iii) Vinita Mishra

iv) Amardeep Singh Ahluwalia



(b) Relative of Key Management Personnel

i) SarlaDeviKanodia

3. Sundry Creditors, Sundry Debtors, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation. However closing balance of foreign debtors has been translated using the year end rate.

4. Consumption of consumables and raw material has been arrived by adding puchases to Opening Stock and deducted closing stock there from.

5. No provision for leave encashment has been made, in view of accounting policy No 7. The impact of the same on Profit & Loss is not determined.

6. During the reporting period, the concern has sustained a fire loss. Expenses incurred to makeover it has been charged to the statement of Profit & Loss Account. However insurance claim has been submitted and the same is pending as on balance sheet date.

7. A portion of Plant & Machinery was sold out during the year for a consideration of Rs.60, 00,000.00 and the same was reduced from the block.

8. Mr. Sajjan Kumar Gupta resigned from the post of Director from 07.12.2009 onwards. Mr. Amardeep Singh Ahluwalia was appointed at his place